Post Utme Futo 2021 Commerce Question 25
Practice objective / multiple choice question 25 from the 2021 Post Utme Futo Commerce examination.
A consumer's utility function is given by U = 2x + 3y. If the consumer's income is 100 units and the prices of good x and good y are 5 units and 10 units respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Futo 2021 Commerce Question 25. It is one of the objective questions from the 2021 Post Utme Futo Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.